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(M0) Bullish Theme Remains In...>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (M0) Bullish Theme Remains In Place
*RES 4: 126-132 3.382 Fibonacci projection of Jan 9 - 31 rally from Feb 6 low
*RES 3: 126-046 3.236 Fibonacci projection of Jan 9 - 31 rally from Feb 6 low
*RES 2: 126-00 Round number resistance
*RES 1: 125-29 Contract high May 8
*PRICE: 125-142 @ 11:34 BST, May 12
*SUP 1: 125-06+ Low May 6 and key support
*SUP 2: 125-05+ Low Apr 27
*SUP 3: 124-202 Low Apr 7
*SUP 4: 124-186 Low Mar 25
5yr futures last week traded higher through 125-232, Apr 21 high to end the
recent extended period of consolidation. Furthermore, Friday's high print of
125-29 was just above the former contract high of 125-286 from Mar 9. Although
price has since pulled back, the break higher confirms a resumption of the
uptrend and the outlook is bullish. A break of 125-29 would open 126-00 and
126-046. The latter is a Fibonacci projection. 125-06+, May 6 low marks support.

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